Bybit files for VASP license with Brazil's central bank
- —Application filed with Brazil's central bank for a VASP (PSAV) license
- —Process backed by a local entity and a São Paulo-based team
- —Move aligns with Brazil's tightening crypto regulatory framework
Why it matters: Approval would let Bybit operate legally in Latin America's largest market as Brazil raises compliance requirements for exchanges.
Source: Coinfomania
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